Which of the Following Statements Is True for Traditional Formal

question 91

Multiple Choice

Which of the following statements is true for traditional formal planning?

• A)It always achieves its goals, if all employees are informed.
• B)It involves all organisational levels providing top-level managers with a list of achievable goals.
• C)It produces workable documents that can easily guide managers in day-to-day work.
• D)It is thorough, systematic and coordinated.
• E)It is hardly ever used by organisations nowadays.

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Definitions:

Cash

A form of currency that can be used to exchange goods, services, or to settle debts.

Total Liabilities

Total liabilities are the combined debts and financial obligations a company owes to outside parties at any given time.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, often referred to as net assets.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets.